TRADE IN BRITAIN
, A PERIOD OF DEPRESSION. 4 VIEWS OF AUSTRALIAN OBSERVER. Piwa Association— By Telegraph —Copyright. PERTH, October 30. The opinion that trade in British manufactures is very bad at present was expressed by Sir William M'Beath, one of the Australian delegates .to the League of Nations Assembly. Ho said his remarks applied particularly to the iron and steel and .allied- trades, in which there was severe depression, many big concerns having closed down. The reason was that British manufacturers were unable to compete with the Continental, manufacturers. Sir William M'Beath said that a great number of shipbuilding orders were going to Holland, where the quotations were much below those of the British yards. Few, if any, of the woollen mills were working more than four days a week. Part time was also operating in the cotton mills. Quito a reverse report was obtained from the distributors, who were enjoying a bright period, for the reason that the huge influx of oversea visitors to England was establishing a moving market, which was making a big demand on retailers’ stocks.
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Bibliographic details
Otago Daily Times, Issue 19316, 31 October 1924, Page 8
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180TRADE IN BRITAIN Otago Daily Times, Issue 19316, 31 October 1924, Page 8
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